25th Mar 2022 13:47
CyanConnode Holdings PLC - Cambridge, England-based narrowband radio frequency smart mesh networks - Raises GBP2.0 million from placing of 14.3 million shares at 14 pence. The share offer was run as an accelerated bookbuild by broker Arden Partners PLC. Four directors, including Executive Chair John Cronin, subscribe for a total of 1.1 million shares. "The funds raised by this placing allow us to maintain momentum and win some of the large opportunities being presented to us at this time," Cronin says. CyanConnode now will have 236.3 million shares issued, so the new shares represent about 6% of that.
Current stock price: 16.35p, up 15% on Friday
12-month change: more than doubled from 6.60p
By Tom Waite; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Cyanconnode